Brief
JLL Arranges $136M in Financing for Brooklyn Apartment Building
NEW YORK CITY — JLL has arranged $136 million in financing for 655 Union, a 193-unit apartment building in the Gowanus area of Brooklyn. Details on the debt versus equity components of the financing w
Summary
NEW YORK CITY — JLL has arranged $136 million in financing for 655 Union, a 193-unit apartment building in the Gowanus area of Brooklyn.
Details on the debt versus equity components of the financing were not disclosed, but the financing includes a Freddie Mac loan, and CenterSquare Investment Management is now part of the capital stack.
Completed in 2025, the 15-story building houses 143 market-rate units and 50 affordable housing units, as well as 14,764 square feet of retail space. Amenities i
Source
- REBusinessOnlinerebusinessonline.com
